Updated almost 2 years ago on . Most recent reply
Section 8 Investing
Hi all, I have had two people reach out claiming they can get $500 cash flow per unit section 8. Saying I should invest in 10-15 units. Anyone experience with section 8? I mean I could buy 10-12. Just not sure if its too good to be true or worth it. Rather get into STRs or Pad splits.
His profile is section8karim on Instagram.
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#2 Classifieds Contributor
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- Metro Detroit
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#2 Classifieds Contributor
- Real Estate Agent
- Metro Detroit
In our experience, the S8 guru/scammers promote buying Class D properties and then renting them out to S8 voucher holders.
It takes a lot of hustle and probably legally bribing the tenant with an appliance or two, to get them to move into a bad area.
No telling how long they will stay either.
We just had a S8 tenant in a Class C property break their lease, with the support of their caseworker, due to fight with a neighbor.
S8 is a tool that, like any tool, needs to be used properly.
- Michael Smythe
